Switzerland: Retail sales lose momentum in November
Latest reading: Retail sales rose 0.1% on a seasonally adjusted month-on-month basis in November, following a 0.2% rise in the prior month.
Relative to the prior month’s figures, the reading for household equipment softened in November (-1.1% on a seasonally adjusted month-on-month basis vs +1.0% in October). In contrast, readings picked up for food, beverages, and tobacco (-0.6% vs -0.9% in October) and automotive fuel (+0.7% vs +0.6% in October).
On a calendar-adjusted year-on-year basis, retail sales were up 2.3% in November, following a 2.2% increase in the previous month.